MELBOURNE, Australia, May 09, 2022 (GLOBE NEWSWIRE) — Recently, AvatarBay announced the launch of its decentralized community that ushers in a new era of NFT. In Web2 and in a centralized world, most brands and institutions are providers of information, content and products, where they acquire customers through in-app advertising. The relationship between brands and consumers can be defined as “active supply and passive acquisition”. Compared to Web3, where decentralized systems are the basis: innovative ideas, the pursuit of ideal egalitarianism, and a liberal and democratic DAO system can become an important means of driving business models and changing people’s lives. A whole new idea of ”decentralized community-created projects” has begun to sprout in the Web3 world to overthrow centralized systems, providing equitable access to an open and free community.
AvatarBay’s Decentralized Community Building Ushers in a New Era of NFT
The birth of AvatarBay breaks the shackles of centralized creation of the NFT market. Users can create their own unique NFT in seconds or through various templates provided by AvatarBay. The original creators of NFTs receive a royalty of 5.5% of the sale price, each time their NFT artwork is resold on the market; creating a perpetual royalty income from their NFT artwork. Many NFT projects in the market are actually centralized team works, be it CryptoPunks or BAYC. The creators of AvatarBay believe that the next stage of NFT development should follow the concept of decentralization, where projects are decentralized and created by the community. Instead of just a simple NFT creation platform, Avatarbay is an interesting social experiment to see the impact of a decentralized community, as it is entirely community-governed and operated. It provides equal creative opportunities for everyone in the NFT marketplace, lowers the threshold for NFT creation while benefiting all platform users.
the avatarbay.abcmeta.io project is a decentralized application (DAPP) built on the grounds of the ABCMETA metaverse, a collaboration between AvatarBay (Australia) and ABCMETA.io. The current “alpha” version has a very interesting experience, with a DAO experience called CryptoPunks. The community provides users with 10,000 CryptoPunks as a template for creation, it allows community members to freely create custom punks as they wish.
If users want to go beyond CryptoPunks templates and help the community, creative community users can choose to independently create prototype IPs and generate templates to allow community users to create more decentralized projects. AvatarBay is a completely decentralized standalone platform, where users can find their creative awakening with other users in the community to create unlimited possibilities. After all, this free and equal opportunity allows members of the AvatarBay community to naturally connect with the DAO spirit!
The light of consensus Autonomy, donations create liquidity
What makes Avatarbay special is that it is different from many incentive projects that typically raise liquidity funds through the initial sale of tokens or add liquidity to entice speculators to participate in the short term. Avatarbay’s initial liquidity is primarily provided by donations from community members and aims to develop a long-term stable development ecology rather than temporary gains. Avatarbay allows the NFT community to better understand the blockchain, the projects created by the decentralized community and the DAO. Avatarbay members chose to add liquidity to Avatarbay entirely based on community user trust and project expectations.
Avatarbay is listed on a number of decentralized exchanges so far and donations from community members continue to increase. The creators of Avatarbay believe that while earning returns by adding liquidity will entice some speculators to participate in the short term, it only creates an illusion of temporary prosperity and is not the best option for a sustainable development ecosystem. long-term. It is obvious that the people who donated are undeniably the true believers of Avatarbay, as they play an important role in promoting the development and the future of “creating decentralized self-governing communities”.
In today’s world of technological change, creativity and innovation have enabled human society to progress and develop endless possibilities. With the likes of AvatarBay, it gives every user in the community the opportunity to express their creativity with the ability to create their own NFT PFPs and enables community creators to bond closely through open communication within from the community. Join the exciting new space at AvatarBay today and explore the world of endless possibilities through “community-created decentralized projects”.
Company Name: AvatarBay
Contact person: Jack
E-mail: [email protected]
THE SOURCE: AvatarBay